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Scandinavian Astor Group ABNGM:ASTOR +0.27%55 Graham Number is kr12.60 as of Mar. 2026, which is 100% below its 10-year median of 3.35. GuruFocus rates NGM:ASTOR with a GF Score™ of 55/100 and a GF Value™ of kr37.96 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 216 Aerospace & Defense companies, Scandinavian Astor Group AB ranks better than 80.09% on this metric.
Graham Number is a figure that measures a stock's fundamental value by taking into account the company's earnings per share and book value per share. The Graham number is the upper bound of the price range that a defensive investor should pay for the stock. According to the theory, any stock price below the Graham number is considered undervalued, and thus worth investing in.
The historical rank and industry rank for Scandinavian Astor Group AB's Graham Number or its related term are showing as below:
NGM:ASTOR'
s Price-to-Graham-Number Range Over the Past 10 Years
Min: 1.47 Med: 3.35 Max: 26.18
Current: 1.48
During the past 4 years, the highest Price to Graham Number ratio of Scandinavian Astor Group AB was 26.18. The lowest was 1.47. And the median was 3.35.
NGM:ASTOR's Price-to-Graham-Number is ranked better than 80.09% of 216
companies
in the Aerospace & Defense industry
Industry Median: 3.03
vs NGM:ASTOR: 1.48
Graham Number is a combination of asset valuation and earnings power valuation. It is a very conservative way of valuing a stock.
Scandinavian Astor Group AB (NGM:ASTOR) Graham Number Explanation
Ben Graham actually did not publish a formula like this. But he wrote in The Intelligent Investor (1948 version) regarding to the criteria for purchases:
Current price should not be more than 15 times average earnings of the past three years.
Current price should not be more than 1.5 times the book value last reported. However, a multiplier of earnings below 15 could justify a correspondingly higher multiplier of assets. As a rule of thumb we suggest that the product of the multiplier times the ratio of price to book value should not exceed 22.5. (This figure corresponds to 15 times earnings and 1.5 times book value. It would admit an issue selling at only 9 times earnings and 2.5 times asset value, etc.)
Unlike valuation methods such as DCF or Discounted Earnings, the Graham number does not take growth into the valuation. Unlike the valuation methods based on book value alone, it takes into account the earnings power. Therefore, the Graham Number is a combination of asset valuation and earnings power valuation.
In general, the Graham number is a very conservative way of valuing a stock. It cannot be applied to companies with negative book values.
Scandinavian Astor Group AB's Price to Graham number Ratio for today is calculated as
Price to Graham number
=
Share Price (Today)
/
Graham number (Q: Mar. 2026 )
=
18.60
/
12.60
=
1.48
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Be Aware
Please keep these in mind:
1. Graham Number does not take growth into account. Therefore it underestimates the values of the companies that have good earnings growth. We feel that if the earnings per share grows more than 10% a year, Graham Number underestimates the value.
2. Graham Number punishes the companies that have temporarily low earnings. Therefore, an average of earnings makes more sense in the calculation of Graham Number.
3. Graham Numbers underestimates companies that are light with book.
Scandinavian Astor Group AB Graham Number Related Terms
Scandinavian Astor Group AB Graham Number Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NGM:ASTOR vs SPCX, GE, RTX: Graham Number Comparison
For the Aerospace & Defense subindustry, Scandinavian Astor Group AB's Price-to-Graham-Number, along with its competitors' market caps and Price-to-Graham-Number data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Scandinavian Astor Group AB Price-to-Graham-Number vs Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Scandinavian Astor Group AB's Price-to-Graham-Number distribution charts can be found below:
* The bar in red indicates where Scandinavian Astor Group AB's Price-to-Graham-Number falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Scandinavian Astor Group AB (NGM:ASTOR) has a Graham Number of kr12.60 as of Mar. 2026. The Graham Number values a company based on its per-share earnings and book value. View historical data on Scandinavian Astor Group AB and its competitors. This is 276% above median its historical median of 3.35. Over the past decade, Scandinavian Astor Group AB's Graham Number has ranged from 1.47 to 26.18. According to the industry distribution chart, Scandinavian Astor Group AB ranks #43 out of 216 companies in the Aerospace & Defense industry, placing it in the top 19.9%.
Is Scandinavian Astor Group AB's Graham Number too high?
Scandinavian Astor Group AB's current Graham Number of kr12.60 is 276% above median its 10-year median of 3.35. Over the past 10 years, this metric has ranged from a low of 1.47 to a high of 26.18. Based on the distribution chart, Scandinavian Astor Group AB ranks #43 out of 216 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Scandinavian Astor Group AB has a GF Score™ of 55/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Scandinavian Astor Group AB's Graham Number compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Scandinavian Astor Group AB ranks #43 out of 216 companies for Graham Number. This places Scandinavian Astor Group AB in the top 20% of its industry — outperforming the majority of peers. The industry median Graham Number is 3.03. Historically, Scandinavian Astor Group AB's own Graham Number has ranged from 1.47 to 26.18 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Graham Number for an Aerospace & Defense company?
The median Graham Number among Aerospace & Defense companies is 3.03, based on 216 companies in the industry. Companies in the top quartile (top 25%) have a Graham Number significantly above this median, while those in the bottom quartile fall well below. However, Graham Number should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Graham Number mean?
A high Graham Number can signal that a stock is expensive relative to its fundamentals. The Graham Number values a company based on its per-share earnings and book value. View historical data on Scandinavian Astor Group AB and its competitors. For the Aerospace & Defense industry, the median Graham Number is 3.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Scandinavian Astor Group AB's current Graham Number is kr12.60, which is 276% above median its own 10-year median of 3.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Scandinavian Astor Group AB stock overvalued right now?
Based on GuruFocus' analysis, Scandinavian Astor Group AB (NGM:ASTOR) is currently considered Possible Value Trap. The stock's GF Value™ is kr37.96, compared to a current price of kr18.60 — trading 51% below its estimated fair value. The current Graham Number is kr12.60, which is 276% above median its 10-year median of 3.35. Scandinavian Astor Group AB's overall GF Score™ is 55/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Graham Number calculated?
Graham Number is calculated from a company's financial statements. For Scandinavian Astor Group AB (NGM:ASTOR), the current Graham Number is kr12.60 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Scandinavian Astor Group AB (NGM:ASTOR) Overvalued in 2026?
Based on GuruFocus' analysis, Scandinavian Astor Group AB stock appears to be undervalued.
The current stock price of kr18.60 is trading 51% below its estimated GF Value™ of kr37.96.
GuruFocus considers Scandinavian Astor Group AB to be Possible Value Trap.
Key valuation signals for NGM:ASTOR:
Graham Number: kr12.60 (276% above median its 10-year median of 3.35)
GF Value™: kr37.96 vs. price of kr18.60 (51% below fair value)
No single metric tells the full story. See the NGM:ASTOR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Scandinavian Astor Group AB is a prominent player in the defence industry, specialising in delivering high-quality products, services and technical solutions, in the defence sector and civil security, and other industrial segments. The Group is divided into three business areas: Astor Industry, Astor Tech and Astor Protect. The company generates revenues by selling customized products and services to the defense and security sectors, as well as civilian markets. Geographically, it operates in Sweden, Other EMEA, Americas, and Asia Pacific.
55GF Score
Get the complete analysis for NGM:ASTOR
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